1. INDUSTRY STRUCTURE AND DEVELOPMENTS
The Company is engaged in trading activities and there is good scope for increasing the Trading turnover in the coming years.
2. OPPORTUNITIES AND THREATS
There are increasing opportunities for expansion in trading activities. However the possibility of prolonged recession in the near future could be a threat to the operations of the Company.
3. SEGMENTWISE PERFORMANCE
The segment wise reporting as required in IND AS - 108 is not applicable as the Company has only one segment.
4. OUTLOOK
Future of trading activities is promising and the Company hopes to increase the trading activities in the coming years.
5. RISKS AND CONCERNS
The company is engaged in trading activities hence no risk factors are involved.
6. INTERNAL CONTROL SYSTEMS
The Company has an adequate system of internal controls that ensures that all assets are protected against loss from unauthorized use or disposition and all transactions are recorded and reported in conformity with generally accepted accounting principles.
7. FINANCIAL PERFORMANCE
Total Comprehensive Loss for the year is ? 747.61 lakhs as compared to a loss of ? 684.51 lakhs in the previous year.
8. SIGNIFICANT CHANGES IN KEY FINANCIAL RATIOS
| STANDALONE | CONSOLIDATED | |||
| 31.03.2026 | 31.03.2025 | 31.03.2026 | 31.03.2025 | |
| Trade receivable turnover ratio | N.A. | N.A. | 8.37 | N.A. |
| Inventory turnover ratio | N.A. | N.A. | N.A | N.A. |
| Interest coverage ratio (Earning before interest and tax / finance cost) | (0.23) | (0.24) | (0.20) | (0.25) |
| Current ratio | 0.06 | 0.16 | 0.06 | 0.16 |
| Debt Equity ratio | (1.00) | (1.09) | (1.00) | (1.09) |
| Operating margin ratio (operating profit = profit before tax + depreciation + finance cost + loss on disposal of property, plant - other income/ revenue from operation) | (4.60) | (14.55) | (2.05) | (14.56) |
| Net Profit Margin (Profit for the year / revenue from operation) | (24.28) | (75.98) | (12.36) | (74.98) |
| Return on Net worth (profit for the year/Total Equity) | 0.11 | 0.12 | 0.11 | 0.12 |
9. HUMAN RESOURCES AND INDUSTRIAL RELATIONS
The Human Resources and Industrial relations remained cordial during the year under review.
10. CAUTIONARY STATEMENT
Statements in this Report on Management Discussion and Analysis describing the Companys objectives, projections, estimates, expectations or predictions are based on certain assumptions and expectations of future events. Actual results could differ materially from those expressed or implied. The Company assumes no responsibility to amend, modify or revise any of the statements on the basis of subsequent developments, information or events.
For and on behalf of the Board |
|
| Place : Mumbai | HARESH D. RAMSINGHANI |
| Date : May 26, 2026 | CHAIRMAN AND MANAGING DIRECTOR |
DIN : 00035416 |
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